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This version of the form is not currently in use and is provided for reference only. Download this version of
IRS Form 8615
for the current year.
IRS Form 8615 Tax for Certain Children Who Have Unearned Income
What Is IRS Form 8615?
This is a tax form that was released by the Internal Revenue Service (IRS) - a subdivision of the U.S. Department of the Treasury. Check the official IRS-issued instructions before completing and submitting the form.
FAQ
Q: What is IRS Form 8615?
A: IRS Form 8615 is a tax form used for reporting unearned income of certain children.
Q: Who needs to file IRS Form 8615?
A: The form is usually filed by children under the age of 18 or students under the age of 24 with unearned income over a certain threshold.
Q: What is considered unearned income?
A: Unearned income includes investment income such as interest, dividends, and capital gains.
Q: What is the purpose of filing IRS Form 8615?
A: The purpose is to calculate the child's tax liability on their unearned income and determine if they owe any taxes.
Q: What is the threshold for filing IRS Form 8615?
A: The threshold for filing Form 8615 changes each year, so it is important to check the IRS guidelines or consult a tax professional.
Q: Are there any penalties for not filing IRS Form 8615?
A: If a child is required to file Form 8615 but fails to do so, they may face penalties or be subject to an IRS audit.
Q: Can parents claim their child's unearned income on their own tax return?
A: No, parents cannot include their child's unearned income on their own tax return. Each child must file their own Form 8615 if required.
Form Details:
- A 1-page form available for download in PDF;
- This form cannot be used to file taxes for the current year. Choose a more recent version to file for the current tax year;
- Editable, printable, and free;
- Fill out the form in our online filing application.
Download a fillable version of IRS Form 8615 through the link below or browse more documents in our library of IRS Forms.
